Material Term
/ˈmætɪriəl tɜrm/
Definitions
- (n.) A provision or element in a contract or legal document that is essential and significantly affects the parties' rights or obligations.
Failure to disclose a material term can result in the contract being voidable.
Forms
- material terms
Related terms
See also
Commentary
Material terms must be clearly identified in contracts to ensure enforceability and avoid disputes over parties' intentions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.